Last week, the BVI company King Tech International Limited published audited consolidated financial results for the year ended 31 December 2007, along with the comparative figures for the year ended 31 December 2006. The company also published the Notice of Annual General Meeting which will take place in Hong Kong on July 9.
The consolidated income statement for the year ended 31 December 2007 included following figures (in RMB):
Revenues received - 9,086,055 (compared to 3,340,955 for the year period of 2006);
Gross profit - 2,343,873 (in 2006 – 406,916);
Other operating income - 526,551 (342,380);
Total Equity Amount (capital and reserves) – 25,771,757 (18,310,149).
Cash and cash equivalents – 1,873,976 (3,676,269);
Total Current Assets – 10,900,212 (7,537,251 in the year 2006);
Total assets amount in the year period ended 31 December 2007 made 48,989,468 (in 2006 – 32,720,979).
The company King Tech International Limited (formerly Phoenician Corporation III Limited) was incorporated in BVI on November 17, 2006, and admitted to trading on the PLUS Market on 25 May 2007. Registered office of the company is located at Trident Trust Company (B.V.I) Limited, Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands.